EQUITY-BASED INCENTIVE AWARDS (Tables)

3 Months Ended

Dec. 31, 2017

EQUITY-BASED INCENTIVE AWARDS

Schedule of assumptions used in connection with the Black-Scholes option pricing calculation

	Stock Option		Stock Option
	Pricing		Pricing
	Assumptions		Assumptions
	2018		2017
Risk-free interest rate	2.41	%	2.12	%
Dividend yield	0.8	%	0.6	%
Expected volatility	33.00	%	22.40	%
Expected life in years	6		6

Summary of stock options activity

		Weighted
	Number	Average
	of	Exercise
	Shares	Price
Outstanding at September 2017	28,300	$	74.75
Granted	6,000		90.50
Exercised	—		—
Forfeited/Expired	—		—
Outstanding at December  2017	34,300	$	77.50

Schedule of nonvested restricted stock units awarded

	Restricted  Stock Units(1)		Restricted  Stock Units(2)		Restricted  Stock Units(3)		Restricted  Stock Units(4)
Date of award:		October 2013		October 2015		October 2016		October 2017
Original number of awards issued:		17,600		13,250		13,000		13,000
Service period:		36 - 60 months		36 - 60 months		36 months		36 months
Estimated fair value of award at grant date:	$	1,486,000	$	1,112,000	$	1,191,000	$	1,177,000
Non-vested awards outstanding at December 31, 2017:		660		4,484		8,667		13,000
Fair value of non-vested awards at December 31, 2017 of approximately:	$	65,000	$	439,000	$	848,000	$	1,272,000

(1)16,940 restricted stock units were vested as of December 2017. The remaining 660 restricted stock units will vest in October 2018.

(2)8,766 of the restricted stock units were vested as of December 2017. 4,334 restricted stock units will vest in October 2018. The remaining 150 restricted stock units will vest in equal annual amounts in October 2018 through October 2020. 

(3)4,333 restricted stock units were vested as of December 2017. 4,333 restricted stock units will vest in October 2018 and 4,334 will vest in October 2019.  

(4)The 13,000 restricted stock units will vest in equal amounts in October 2018, October 2019, and October 2020.

Summary of restricted stock unit activity

	Number	Weighted
	of	Average
	Shares	Fair Value
Nonvested restricted stocks units at September 2017	27,521	$	92.25
Granted	13,000		90.50
Vested	(13,710)		90.97
Expired	—		—
Nonvested restricted stocks units at December  2017	26,811	$	97.85